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Webtoon Webcomics Soar to Animation with Warner Bros. Deal
12 Nov
Summary
- Webtoon Entertainment to co-produce 10 webcomic series with Warner Bros. Animation
- Creators to receive revenue share from animated adaptations
- Webtoon has 155 million monthly active users globally
In a significant expansion of its animation pipeline, Webtoon Entertainment has announced a new deal with Warner Bros. Animation to co-produce 10 fan-favorite webcomic series for global distribution. The collaboration will allow Webtoon's creators, who own the intellectual property rights, to receive a share of the revenue generated from the animated adaptations.
Webtoon, a pioneer in the webcomic format, has about 155 million monthly active users globally. The company's content partners include major players like Disney, Discord, HYBE, and DC Comics. Webtoon's chief strategy officer and head of global, Yongsoo Kim, stated that the partnership with Warner Bros. Animation presents an "incredible opportunity to take those stories further alongside one of the most respected names in animation."
The initial development slate under the Webtoon-Warner Bros. Animation deal includes several popular webcomic titles, with more to be announced in the future. This move is seen as a significant step in Webtoon's efforts to expand its global reach and transform its vibrant storytelling into animated entertainment phenomena.
